The Business Times

Property

The Business Times
Subscribe
View more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Property

SUBSCRIBERS

China property stocks dive as housing curbs kick in

At least 44 cities have imposed restrictions on the resale of properties this year, designed to rein in prices

Published Mon, Sep 25, 2017 · 09:50 PM
Share this article.

Hong Kong

CHINESE property stocks plunged in Hong Kong after cities added housing curbs, dashing speculation that the authorities would pull back on measures to cool rising prices.

Eight cities including Chongqing and Nanning rolled out restrictions over the weekend, with most banning home resales within two to three years of purchase, the official Xinhua News Agency reported. Shanghai-based Tospur Real Estate Consulting Co said six more may follow suit, without naming them.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here